By: AdminJuly 04, 2024Categories: GST Recent News4 Min Read Revenues of India’s top 18 States are likely to grow by 8%-10% this fiscal year to about ₹38 lakh crore, accelerating…
Recipient can claim ITC on exempt services where supplier has charged GST
By: AdminJuly 04, 2024Categories: Advance Ruling-New4 Min Read The Odisha AAR, In Re: EFC logistics India (P.) Ltd., [ORDER NO. 08/ODISHA-AAR/2023-24 dated May 24, 2024] held that the assessee can…
Larger states to get more money thanks to buoyant tax mop-ups and Central transfers: Report
By: AdminJuly 04, 2024Categories: GST Recent News4 Min Read Buoyant tax collections, particularly from GST and Central transfers, are expected to help larger states increase their revenue by 8-10 percent…
GSTN enabled new functionality on the GST portal to track the return filing status of registered persons on a financial year-wise
By: AdminJuly 04, 2024Categories: GST Portal Updates|Important News4 Min Read New functionality has been enabled on the GST portal to track the return filing status of registered persons on a…
Reduce GST on ghee to curb adulteration: IDA urges GOI
By: AdminJuly 04, 2024Categories: GST Recent News4 Min Read In the wake of the fake ghee making factories that are busted every year, India’s dairy sector has demanded a reduction…
GST Council decisions to be incorporated in the Finance Bill: CBIC Chairman Sanjay Kumar Agarwal
By: AdminJuly 04, 2024Categories: CBIC|News4 Min Read CBIC Chairman Sanjay Kumar Agarwal on Wednesday said the decisions taken at the GST Council meeting last month, like amnesty scheme for initial…
Union Budget 2024: Sivakasi firecracker industry want GST reduced
By: AdminJuly 03, 2024Categories: GST Recent News4 Min Read Sivakasi in Tamil Nadu is known for its firecracker industry. The firecracker industry here has a turnover of around Rs 5,000…
Govt may discontinue monthly GST releases; shorter statement on the cards
By: AdminJuly 03, 2024Categories: GST Recent News4 Min Read The finance ministry may discontinue the practice of releasing a statement outlining GST collections data on the first day of every…
Jaipur jewellers seek GST relief and higher cash transaction limits
By: AdminJuly 03, 2024Categories: GST Recent News4 Min Read The jewellers in Rajasthan’s Jaipur have many hopes from the upcoming Union Budget and they shared their wish-list with PTI. The…
Important Decisions Taken in the 50th GST Council Meeting
The 50th GST Council meeting, held recently, witnessed several significant decisions being taken to streamline and improve the Goods and Services Tax (GST) regime in India. These decisions aim to…